Listing ID: 230002968SD
Price: $11,775,000
Status: Pending
Address: 4088 Crown Point Drive
City: San Diego
State: California
Postal Code: 92109
County: San Diego
San Diego
CA
92109
Rare Opportunity to acquire 20 Bay Front Apartment Units in the Crown Point section of Pacific Beach! Long Term Ownership has done an exceptional job in maintaining and improving the building over the years. Many recent Capital Improvements should ensure a property with little to no deferred maintenance. Great unit mix of mostly 2BR/2Bath units. Plenty of off-street parking spaces. Immediate Upside in income (Low Rents, Currently no Utility Reimbursement Program in Place, Tenants not paying for parking, etc.). Long term tenants. New Windows & Sliders, New Roof 2022, Multiple Units upgraded with new flooring, appliances, cabinets, etc. Seller may consider Financing a 1st or 2nd Note.

Primary Features

County: San Diego
Property Sub Type: Commercial/Residential
Property Type: Commercial Sale
Zoning: Commercial

Interior

External

Carport Spaces: 12
Construction Materials: Block, Stucco
Number Of Buildings: 1
Parking Total: 29
Phase: 20
Roof: Composition

Location

Country: US
MLS Area Major: 92109 - Pacific Beach

Additional

Days On Market: 35
List Agent State License: 01427348
List Office State License: 00530854
Number Of Units Total: 20
Parcel Number: 4244332700

Financial

Gross Scheduled Income: 493720
Net Operating Income: 273248
Operating Expense: 220472
Other Income 1: 2500

Zoning Info


Area Info


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Listed by: Thomas McCartin, DRE #01427348 from Marcus & Millichap 858-373-3100

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